Define volatility as 'likelihood of reaching your goal' - PA360 panel

Panellist Graham Bentley said it was important to define what volatility was with a client, remembering how a former colleague had once described the idea as "uppy-downy-ness". "Depending on what kind of client you have - whether you're in the accumulation phase or whatever you want to call it - volatility can essentially disappear over time," argued the GBi2 managing director. "If you measure volatility by the degree to which your end result varies from what you might expect it to be, then that is purely the case." Bentley continued: "Explain that markets do go up and down and then f...